Category Archives: advice gap

Pension scams reported at just £10m a year?

Posted on August 26, 2020 by henry tapper

The truth is that the FCA do not have a number for the amount that leaks out of the system through dodgy advice.  The resources at their disposal to stop scamming are so small that they cannot even report on the proper size of the problem. Continue reading →

Posted in advice gap, age wage, Blogging, pensions | Tagged , , , , | 4 Comments

Reintroducing pensions to the USA

Posted on August 24, 2020 by henry tapper

The American Department of Labor is demanding that regulated sponsors of their workplace pensions convert participants’ account balances into an estimated monthly income stream at retirement. This follows primary regulation in Congress last year know as the SECURE Act Using … Continue reading →

Posted in actuaries, advice gap, annuity, cardamo, pensions | Tagged , , , | Leave a comment

Clacher and Keating blog “Bowles to the Regulator”.

Posted on August 24, 2020 by henry tapper

We have received and responded to over one hundred questions, comments and criticisms arising from them. Not one has come from the Pensions Regulator. We have no evidence that the Regulator is listening to us or anyone else. Constructive engagement requires constructive listening, not selective hearing. Continue reading →

Posted in actuaries, advice gap, pensions | Tagged , , , , , , , | 8 Comments

Friday report from the COVID-19 actuaries: – includes “surviving quarantine”

Posted on August 21, 2020 by henry tapper

The Friday Report – Issue 19 By Matt Fletcher, Nicola Oliver and John Roberts COVID-19 Actuaries Response Group – Learn. Share. Educate. Influence. COVID-19 is still one of the hottest topics for scientific papers and articles. The COVID‑19 Actuaries Response … Continue reading →

Posted in actuaries, advice gap, coronavirus, pensions | Tagged , , , | Leave a comment

What we don’t consider matters

Posted on August 21, 2020 by henry tapper

Listening to Victoria Derbyshire talking about domestic abuse on the radio this morning , I was struck by one insight. When asked why domestic abuse had been such a low priority at the start of lockdown she observed that as … Continue reading →

Posted in accountants, actuaries, advice gap, pensions | Tagged , , , | 1 Comment

Taking someone else’s numbers for it. The shortcomings of AoVs.

Posted on August 19, 2020 by henry tapper

  I suffer from pension dreams, these wake me up at odd hours of the morning with questions that I cannot answer. This morning’s question was put to me by someone who bought a pension savings plan from me when … Continue reading →

Posted in actuaries, advice gap, age wage, pensions | Tagged , , , , , , | Leave a comment

A user’s guide to AgeWage.com

Posted on August 18, 2020 by henry tapper

As regular readers will know,  I campaign for better information to be made available to savers about their pension pots and to help people understand their pot, have formed a company, AgeWage.  AgeWage.com helps people make sense of their pots … Continue reading →

Posted in advice gap, age wage, pensions | Tagged , , , , , | Leave a comment

Follow Sage Advice and keep an eye out for the Actuary

Posted on August 17, 2020 by henry tapper

I will certainly be following Sage Advice and won’t be deserting Actuary on this showing.  This race should have been sponsored by the Pensions Regulator. Continue reading →

Posted in actuaries, advice gap, pensions | 1 Comment

Is value for money, the Standard by which we can make sense of pensions?

Posted on August 15, 2020 by henry tapper

Although financial advisers do a great job and  advice usually provides value for the money it costs,  9 out of 10 British adults will take the key financial decisions about their retirement on their own. The FCA wants unadvised individuals … Continue reading →

Posted in advice gap, pensions | Tagged , , , , | 3 Comments

What MaPS can learn from Australia’s MoneySmart Retirement Planner

Posted on August 14, 2020 by henry tapper

The Australian Government has built what it calls the MoneySmart Retirement Planner which is a dashboard tool. You plug in your savings in “Super” and tell the planner a little about yourself (and your partner) and within five minutes you … Continue reading →

Posted in actuaries, advice gap, pensions | Tagged , , , , | Leave a comment